Big up days like today must be a nightmare for shorters.
I am a long term accumulator, buying on down days. A down day doesn't keep me awake at night since I know in 2 years this will be a lot higher. Short term there is a disconnect from the iron ore price and China etc. But a day like today for shorters must hurt. They have a significant cost of holding.
Still, clearly a way of capitulation for the shorters, taking longer than I expected. I am enjoying watching the battle!
spare a thought for the shorters
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Last
$18.29 |
Change
0.150(0.83%) |
Mkt cap ! $56.31B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.38 | $18.02 | $164.0M | 9.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10275 | $18.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 2897 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |